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Senate Democrats praise House Republican debt limit bill
U.S. Senate Majority Leader Harry Reid (D-NV) walks to his office at the U.S. Capitol after returning from a meeting with President Barack Obama at the White House in Washington December 28, 2012.
Credit: Reuters/Mary Calvert
WASHINGTON |
WASHINGTON (Reuters) - The Senate will take up a nearly four-month extension of U.S. borrowing authority if the Republican proposal is passed by the House of Representatives, Senate Majority Leader Harry Reid, a Democrat, said on Wednesday.
Senate Democratic leaders, unlike their House counterparts, praised the legislation, saying that it would cut the link Republicans had previously insisted upon between future debt limit increases and new spending cuts.
The House is poised to vote on the legislation on Wednesday.
(Reporting by Kim Dixon and Richard Cowan; Editing by Mohammad Zargham)
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